All news – Page 642
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NewsIndiGo finalising wet-lease deal to offset aircraft delivery delays
Indian low-cost carrier IndiGo is close to securing wet-lease capacity as global supply-chain challenges weigh on aircraft deliveries.
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NewsIndiGo reels from currency impact as Q2 net loss hits Rs15.8 billion
Low-cost carrier IndiGo reported a net loss of Rs15.8 billion ($192 million) for the three month period ending 30 September, as currency losses and fuel costs weighed on the operator’s performance during what is seasonally its weakest quarter.
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NewsFirst RAF Wedgetail gains its MESA radar array
The first of three Boeing 737NG airframes undergoing modification into the E-7A Wedgetail airborne early warning and control configuration for the UK has had its distinctive “top hat” radar array installed.
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NewsSingapore Airlines reports highest-ever group operating profit and revenue for Q2
Singapore Airlines Group recorded its highest-ever operating profit and revenue for its fiscal second quarter, despite passenger capacity and traffic still being significantly down on pre-Covid levels.
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NewsConfirmation bias over incorrect altitude put executive jet at risk of terrain collision
French investigators have emphasised the risk of confirmation bias following an incident in which a Cessna 525 executive jet suffered a simultaneous failure of an air-data system and the left-side primary flight display. Immediately after take-off from Paris Le Bourget on 14 August 2020 the left-hand primary display blanked, prompting ...
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NewsTurkish Airlines reports Q3 net profit of $1.5bn as passenger revenue surges
Turkish Airlines has reported a net profit of $1.5 billion for the third quarter of 2022, as capacity, traffic and yields – as well as costs – surged beyond pre-Covid levels.
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NewsEmbattled Flyr optimistic of positive earnings from mid-2023
Norwegian carrier Flyr is optimistic that its revised business plan will be sufficient to nurse the airline through the winter season, and that earnings margins will start to turn positive from June next year. Despite a strong summer market, Flyr turned in a third-quarter operating loss of NKr231 million ($22 ...
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NewsCollins, Indonesian Aerospace in avionics upgrade pact for C-130Hs
Collins Aerospace and Indonesian Aerospace have entered an agreement to modernise Jakarta’s Lockheed Martin C-130H tactical transports.
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NewsFlyr seeks NKr530m through share issues to relieve ‘very strained’ finances
Norwegian budget carrier Flyr is looking to reinforce its financial position with share placements which would potentially raise NKr530 million ($50 million). This scheme comprises a private placement for NKr430 million and a possible subsequent placement, for those unable to participate in the private issue, aimed at raising another NKr ...
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NewsJakarta resumes payments for KF-21 participation
Indonesian has resumed payments related to its share of developments costs for the Korea Aerospace Industries (KAI) KF-21 Boramae fighter.
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NewsPositive about prospects, Qantas acknowledges industry ‘far from post-Covid’
Australia’s Qantas has acknowledged that the airline sector is “far from post-Covid”, even as its leaders remain optimistic about near-term recovery prospects.
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NewsIsrael’s El Al repays $45m state loan
Israeli flag-carrier El Al has repaid a state loan of $45 million advanced to the carrier as part of a financial support package. The airline, which had indicated in September that it would be repaying the loan two years ahead of schedule, says the transaction was completed on 2 November. ...
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NewsZhuhai static display offers insights into H-6K bomber, Y-20U tanker
The static display of this year’s Airshow China has offered new insights into key Chinese platforms such as the Xian H-6K bomber and the Y-20U tanker.
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NewsKorean Air begins ‘intensive’ inspections of A330s following spate of safety incidents
Korean Air has started “intensive” inspections on its fleet of Airbus A330s, taking them out of service in phases, following two incidents involving the type within the span of a week.
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NewsGaruda swings to nine-month profit on revenue gains
Garuda Indonesia rebounded to the black in its nine-month earnings, helped by a 60% increase in revenue as international borders reopened.
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NewsAir New Zealand firms up programme for zero emissions aircraft
Air New Zealand has announced a programme to for a zero emissions aircraft, building on the carrier’s Product Requirements Document (PRD).
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NewsLATAM Airlines Group completes restructuring and exits Chapter 11
LATAM Airlines Group has completed its restructuring and has exited bankruptcy proceedings.
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NewsFrontier Airlines eyes expansion in Dallas
Frontier Airlines plans to open a new crew base at Dallas-Fort Worth International airport in mid-2023 that would employ up to 120 pilots and 220 flight attendants.
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NewsPilotless Black Hawk flies medevac, resupply missions in DARPA experiment
The Pentagon’s secretive weapons development office, working with helicopter maker Sikorsky, successfully modified a UH-60 Black Hawk to fly without pilot input.
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NewsBoeing scraps plan for services revenue to hit $50 billion this decade
Boeing has ditched a goal for its aircraft service division to grow its revenue to $50 billion annually in the coming years, saying doing so would lead to “indiscriminate” investment.